I h ave an IRA ACCOUNT in CD which will mature shortly. I am thinking of putting it in an annuity. This is a single premium deferred annuiy with equity index option. Suppose to pay interest based on the S& P 500. I am not sure if this is a good investment? I am 70 yrs old now and will be required to withdraw 10% each year at 70-1/2 year old - and doing so will not be penalized by the company. How does an annuity account compare with CD's, MM, etc? Is this a good move? I would aprpeciate any help from someone who knows annuity, insurance, etc??? Thanks.
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